Description

Whether you’re the prime or a sub, learn the essentials of financial oversight for a smooth working relationship. Primes are responsible for the review and oversight of their subs, including accounting system compliance and evaluation of price and related factors.

Come learn what to look for in a healthy financial system.

Prior system approval

Use of a third party in surveying the system, developing budgets, or reviewing rates

Time since last system survey or rate audit

Effective rate management

Subcontractors need to know the proper way to develop rates. Primes need to understand how to evaluate rates, especially when comparing them among multiple subcontractors. Rates vary from industry-to-industry and contractor-to-contractor. Hence, you can’t determine whether a rate is high, low, or incorrect by merely comparing numbers.